Bitcoin Jumps 14% to 2-1/2 Year High on Speculation of U.S. Approval of Bitcoin ETF

Bitcoin surged by 14% to reach a 2-1/2 year high of $34,283 in early Asia hours on Tuesday, amid speculation that the US may approve a bitcoin exchange-traded fund. The cryptocurrency was last up by 10% at $33,030, while its smaller rival, ether, rose by 6% to $1,763. The news has sparked interest among investors, who are closely watching the developments in the cryptocurrency market.